Life Insurance Underwriting
Gain practical skills, sharpen strategic insights, leverage AI, and supercharge career growth
- Comprehensive introduction to the principles and practices of life insurance from product design to claim settlement.
- Covers both theoretical foundations and practical procedures crucial for all life insurance operations.
- Prepares students for careers in the insurance industry by imparting deep knowledge of key concepts, regulations, and industry practice.
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Future-Ready Skills
Professional Growth
Accredited Certification
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Skill Enhancement
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Life Insurance Underwriting
Principles and Practice of Life Insurance
Compliance, Governance and Risk Management in Insurance
General Insurance Underwriting
Principles and Practice of General Insurance
Life Insurance Underwriting
Discover How We Efficiently Cover Every Detail?
Module 1: Principles and Purpose of Underwriting
- Definition and need for underwriting in life insurance
- Risk selection and pricing linkage
- Role of the underwriter in the insurance value chain
Module 2: Underwriting Process and Risk Classification
- Steps in the underwriting process
- Medical, non-medical, paramedical, behavioral underwriting
- Age, gender, occupation, lifestyle, family history and geographic as risk factors
- Underwriting decisions and rating
Module 3: Medical Underwriting
- Common medical tests and reports (blood tests, ECG, stress test, etc.)
- Interpreting medical evidence
- Reinsurer support in high-value or complex cases
- Use of technology in medical underwriting (e-underwriting)
- Emerging medical technologies (Genetic testing, wearable health data)
Module 4: Financial and Occupational Underwriting
- Income documentation: salaried vs. self-employed
- Financial justification for large sum assured
- Risk in hazardous occupations and avocations
- Anti-money laundering and financial fraud flags
Module 5: Underwriting Tools and Automation
- Use of underwriting manuals and guidelines
- Risk classification systems (numerical rating)
- Automated Underwriting Systems (AUS)
- AI and predictive analytics in underwriting
Module 6: Legal, Ethical and Regulatory Aspects in Underwriting
- Regulatory guidelines by IRDAI
- Privacy, data protection, and consent in medical underwriting
- Ethical considerations in risk selection
- Case studies of unfair denial or acceptance
Module 7: Practical Cases and Decision Making
- Sample underwriting case studies
- Preparing a risk note and justification
- Reviewing reinsurer decisions
- Simulation of underwriting approval or decline
Practical Knowledge from Industry Professionals
Our faculty’s extensive industry experience is the cornerstone of our exceptional insurance training
Girish Aswani
Girish Aswani is a seasoned financial educator and corporate trainer with over 20 years of experience in Sales, Finance, and the Insurance (BFSI) sector, including 16 years in Training and Development.
Stuti Gupta
Stuti Gupta is an experienced academician with over 11 years of teaching and leadership in Actuarial Science at Amity University.